I am no longer drinking the Smith machine haterade. It's awesome for JM presses (aka "Schwab presses"), stationary lunges, straight-leg DLs, and glute bridges. As much as I love free weights, it is easier and a lot of times safer to do burn-out exercises in here. I get massive tricep activation from doing my skullcrushers and JM presses in here with ZERO shoulder pain. That's a win in my book.
